The CPI based retail inflation stood was at 2.99 per cent in April 2017. In May 2016, it was at 5.76 per cent. The overall food inflation was in negative territory at (-) 1.05 per cent during the month.

Shrugging off the depressive effect of demonetisation, India's Consumer Price Index (CPI), or retail inflation, during March rose month-on-month at 3.81 per cent, even as factory output in the country contracted by (-)1.2 per cent in February.